Security in Your Old Age by United States. Social Security Board

Description

Security in Your Old Age by the Social Security Board is a governmental pamphlet published in the mid-20th century, around the time of the establishment of the Social Security Act in the 1930s. This informational text is aimed at workers across various industries to explain the newly created Old-Age Benefits and how the Social Security system would provide financial support for retirees after the age of 65. The core topic focuses on demonstrating how these benefits are calculated, eligibility requirements, and the accompanying taxes that both employees and employers would need to pay to fund the program. The pamphlet outlines the mechanics of the Social Security Act, explaining the age eligibility criteria and how benefits vary based on earnings during a worker’s career. It provides potential retirees with an understanding of their future monthly payments upon retirement, detailing calculations based on hypothetical earnings. Additionally, it discusses provisions for young and middle-aged workers, the financial implications for families in the event of an early death, and the establishment of an Old-Age Reserve Fund to ensure sustainability. Overall, this pamphlet serves as a crucial resource for understanding one’s rights and responsibilities within the emerging social security system as it began to take shape in the United States. (This is an automatically generated summary.)